Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/106769
Authors: 
Jannsen, Nils
Kooths, Stefan
Year of Publication: 
2012
Citation: 
[Journal:] Intereconomics [ISSN:] 1613-964X [Publisher:] Springer [Place:] Heidelberg [Volume:] 47 [Year:] 2012 [Issue:] 6 [Pages:] 368-372
Abstract: 
While the global financial crisis had a strong impact on economic activity in Germany, the impact of the euro area crisis on economic activity in Germany has so far been relatively mild. Trade flows by region reveal that German firms have recently redirected their exports towards the remaining growth spots of the world economy, in particular to Asia's emerging economies. However, a continued crisis in the euro area is likely to put a considerable dent in German exports. While market forces have already triggered the rebalancing of intra-European trade flows, German exporters may play a helpful role in this process if firms in distressed countries circumvent high entry costs by integrating themselves into the global value chains of German exporters.
Persistent Identifier of the first edition: 
Document Type: 
Article

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